The CHFJPY benefited by the repeated stability above the bullish channel’s support at 198.05 level, activating the bullish attack, to record several gains by reaching 200.85 attempting to settle above %50 Fibonacci correction level.

 

Providing bullish momentum by the main indicators will support our bullish expectation, to keep waiting for the price to reach $61.8Fibonacci correction level at 201.30, which might form an important obstacle against the bullish attempts, to push the price to provide mixed trading before breaching this barrier.

 

The expected trading range for today is between 199.85 and 201.30

 

Trend forecast: Bullish